Redundancy Payment Calculator
Our calculate will advise you on the payments that you may be entitled to by using the UK's Statutory Redundancy Pay Guidelines.
If you are an employee and you have worked for your employer for either 2 years or higher, then you will be entitled to Statutory Redundancy Pay.
When this amount is being calculated, your age and the length of time that you have been employed for are taken into consideration. When the length of time is being calculated it is taken in the number of full years. For example, 3 years and 2 months, is rounded to 3 years.
If you are below the age of 22 on the date of redundancy, then you are entitled to half a week's worth of pay per each full year.
If you are older than 22 but under the age of 41 then you are entitled to a full week's pay per each full year.
If you are either 41 years old or higher, then you are entitled to one and a half week's worth of pay per each full year.
However, the maximum entitlement in full years is limited to 20 full years and the weekly pay is capped at a total of £525.00. The total amount that you can be entitled to is £15,750. Any redundancy pay under £30,000 is untaxed. Although, it is mandatory for you to pay both tax and national insurance on any wages and holiday pay that you are owed by your employer.